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Raymond James Thinks Petrus Resources’ Stock is Going to Recover


The Materials sector company, Petrus Resources (TSX: PRQ), has received a rating update from a Wall Street analyst today. Analyst Jeremy Mccrea from Raymond James rated Petrus Resources (TSX: PRQ) a Buy, setting a C$1.50 price target.

According to TipRanks.com, Mccrea is ranked #1843 out of 4886 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Petrus Resources with a C$1.50 average price target.

Petrus Resources’ market cap is currently C$42.56M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.32.

Petrus Resources Ltd. operates as an energy company, which engages in exploitation, strategic acquisitions and risk-managed exploration. It operates in the following areas: Ferrier, Central Alberta, and the central Rocky Mountain foothills. The company was founded on December 13, 2010 and is headquartered in Calgary, Canada.

The company’s shares closed on Friday at C$0.83, close to its 52-week low of C$0.75.